A few pieces of advice for new and old investors in the cryptocurrency space! Reading these seriously will help you avoid detours:

First piece of advice

The cryptocurrency market has completed its phase of wild explosive growth, and the next phase is regular financialization, a phase where capital institutions compete.

Don't keep dreaming of making dozens or hundreds of times by just holding a single coin.

Second piece of advice

Investing in new projects in the primary market can indeed yield high returns for small investments, but those who recommend you to invest in the primary market won’t tell you that 99% of the projects will eventually fail.

Even if a project is listed on some smaller exchanges, when certain KOLs are dumping their tokens, they are likely to advise you to hold on, while they exit first.

Third piece of advice

Using all your funds to trade futures with high leverage can make you a lot of money, but it can also lead to losing a lot of money.

I don’t think anyone will tell you that the essence of trading cryptocurrencies lies in rolling over your positions, rather than how much profit you made from a single trade.

Fourth piece of advice

Generally speaking, when someone is frantically promoting a particular coin, it usually indicates that the end is near. At this point, if you have already held this coin, you might consider selling. If you do not hold this coin, it’s best not to enter the market at this time, as there is a 90% chance that you are just buying into a pump.